Using Blockchain Technology Imusify Will Serve The Music Industry In Fair

With centralized applications, both for streaming or music downloads, for example. users pay a fee to access music. On places such as Spotify or Beatport, fans and musicians can create and share playlists, or download music — but missed royalties or unfair payouts are still a reality today. This is partly due to the fact that centralized applications manage the service and connect users all together but don’t compensate fairly. Furthermore, they fail at efficiently keeping track of what happens once people consume, share, and listen to music. Plus, files can be stolen or royalties missed out.Furthermore, too many platforms are available and users need to pay various costs to access such services instead of having everything in one single place streaming, file sharing, downloads and so forth. As a result, the music services are scattered everywhere online, failing at really connecting musicians and their fanbase. With blockchain, sharing and consuming music enters a new era . where not only music is protected with encryption on the blockchain but also payouts are tracked out accurately thanks to smart contracts . sparking musicians’ independence from labels or streaming platforms.With the example of imusify, the award-winning blockchain platform, Imusify can understand the true resonance of blockchain for listeners and musicians today.​WebsiteGet WhitelistedCreate Account on imusify’s DemoJoin imusify on telegram